Polar Asset Management Partners Inc. Purchases 65,800 Shares of Teradyne, Inc. (NASDAQ:TER)

Polar Asset Management Partners Inc. boosted its holdings in Teradyne, Inc. (NASDAQ:TER) by 63.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 169,900 shares of the company’s stock after acquiring an additional 65,800 shares during the period. Polar Asset Management Partners Inc.’s holdings in Teradyne were worth $21,394,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. raised its stake in shares of Teradyne by 14.8% during the fourth quarter. Harbor Capital Advisors Inc. now owns 3,499 shares of the company’s stock valued at $441,000 after acquiring an additional 452 shares during the last quarter. Czech National Bank raised its holdings in Teradyne by 6.2% during the 4th quarter. Czech National Bank now owns 35,312 shares of the company’s stock valued at $4,446,000 after acquiring an additional 2,072 shares during the period. Fifth Third Wealth Advisors LLC bought a new position in Teradyne in the 4th quarter valued at $217,000. Assenagon Asset Management S.A. increased its holdings in shares of Teradyne by 1,767.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company’s stock worth $116,233,000 after buying an additional 873,626 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in Teradyne by 40.1% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 629 shares of the company’s stock worth $79,000 after purchasing an additional 180 shares during the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Price Performance

Shares of TER opened at $84.27 on Thursday. Teradyne, Inc. has a one year low of $65.77 and a one year high of $163.21. The stock has a market cap of $13.52 billion, a price-to-earnings ratio of 25.31, a PEG ratio of 2.83 and a beta of 1.70. The company has a 50-day moving average of $79.49 and a two-hundred day moving average of $104.75.

Teradyne (NASDAQ:TER) last released its earnings results on Monday, April 28th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.14. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. The firm had revenue of $685.70 million during the quarter, compared to analyst estimates of $680.54 million. During the same quarter in the previous year, the business earned $0.51 EPS. The business’s revenue was up 14.3% on a year-over-year basis. Analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne declared that its board has authorized a stock buyback program on Monday, April 28th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 8.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $0.48 dividend on an annualized basis and a yield of 0.57%. Teradyne’s payout ratio is presently 13.56%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Cantor Fitzgerald decreased their price target on shares of Teradyne from $150.00 to $110.00 and set an “overweight” rating for the company in a research note on Wednesday, March 12th. Bank of America cut their price objective on shares of Teradyne from $100.00 to $85.00 and set an “underperform” rating for the company in a research report on Wednesday, March 12th. Robert W. Baird cut their target price on Teradyne from $140.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, March 13th. UBS Group set a $130.00 target price on Teradyne and gave the company a “buy” rating in a research report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Teradyne from $120.00 to $92.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $117.56.

Teradyne Profile

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.